Billed Manoeuvre 2026: measures on pensions, Irpef, short term rentals
The text approved on 17 October by the Cabinet was stamped by the General Accounting Office and signed by the Head of State. It now goes to the Senate for a first reading
Key points
With the new IRPEF cut, more than 13 million taxpayers will receive an average subsidy of EUR 210. The increase in minimum pensions will not only affect the over-70s and will translate into EUR 12 more than this year. The rules for banks are confirmed, while onshort-term rentals the rate increase will only affect properties rented out through platforms. These are just some of the new features emerging from the billed text and the technical report of the budget law. Here are all the main measures.
Irpef reduced to middle class
The two-point reduction of the second tax rate (from 35% to 33%) for incomes between EUR 28,000 and EUR 50,000 will result in an average benefit of around EUR 210 and will affect 13.6 million taxpayers, of whom 8.2 million have a predominantly employed income. The benefit will be sterilised above EUR 200,000.
Minimum pensions increase by 12 euro
The increase in minimum pensions will affect pensioners in a state of actual hardship and not only the over-70s: the target group is about 1.1 million people. The monthly increase is 20 euro from 2026, 12 more than this year. The Ape sociale is extended, which, according to estimates, could affect about 24,000 people in 2026. No extension is granted instead for Quota 103 and Opzione donna.
More taxes on short rentals
The measure on short-term rentals changes: the flat rate will not rise to 26 per cent - remaining at 21 per cent - if the house is rented without real estate intermediation or through entities operating online portals. The technical report estimates that 90 per cent of the properties subject to the 21 per cent flat rate will continue to use the platforms even after the increase to 26 per cent. 102.4 million per year from 2028 is expected to be collected.
Banks, Irap rises
The contribution of banks and insurance companies will be EUR 10 billion over three years. For credit institutions, the two-point increase in IRAP, the postponement of DTAs, and the possibility of drawing on reserves at reduced rates in the first two years are confirmed. The rule on interest expenses (with a gradual mechanism from 96% to 99%) and the rule on loan write-downs are modified.
